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Thursday, April 30, 2015

Lawler: More Builder Results (updated table)

by Calculated Risk on 4/30/2015 03:13:00 PM

Housing economist Tom Lawler sent me this updated table of builder results for Q1.

For these seven builders, net orders were up 19.9% year-over-year.  Although cancellations are handled differently, this is about the same year-over-year increase for Q1 as for New Home sales as reported by the Census Bureau.

The average closing price is only up slightly this year following a sharp increase in 2014.

From Tom Lawler:

Net orders per active community for the seven builders combined were up 13.5% YOY, while their combined order backlog at the end of March was up 13.8% YOY.

  Net OrdersSettlementsAverage Closing Price
Qtr. Ended:3/153/14% Chg3/153/14% Chg3/153/14% Chg
D.R. Horton11,1358,56929.9%8,2436,19433.1%$281,305271,2303.7%
The Ryland Group2,3892,1869.3%1,4631,470-0.5%$343,000327,0004.9%
Beazer Homes1,6981,39022.2%936977-4.2%$305,800272,40012.3%
Meritage Homes1,9791,52529.8%1,3351,10920.4%$387,000366,0005.7%
M/I Homes1,10898212.8%717732-2.0%$325,000299,0008.7%